and Housing Starts better than expected too --- the US Consumer ignores China and the Stock Market Volatility in August ... buying more homes and autos. Life is Grand !
we could see a bit of a pop in Gold on the first Interest rate hike (maybe soon) the US $ trade is pretty crowded. Never forget to take profits.
Global gold demand slumped to a six-year low in the second quarter as consumers in China and India continued to pull back on purchases of gold jewelry, coins and bars despite bullion's multi-year low prices.
Overall demand totaled 915 tonnes, a 12 percent decline from the same period last year, according to the World Gold Council's (WGC) latest demand trends report.
Global investment demand for gold – which includes bars, coins as well as bullion-backed exchange traded funds (ETFs) – fell 11 percent on-year to 179 tonnes
I even have one at new highs -- LGI Homes (LGIH) - an Entry level homebuilder.
For me homebuilders will continue to act well --- lots of pent up demand, low rates and rising employment.
The Rental Market is very tight -- just Google "Rising Rents" and you will see a lot of cities/people complaining --the solution - a fixed mortgage payment. Who knows what your rent will be in 10 years, but you can lock in your mortgage rate now.
I am convinced people BUY Payments not Price -- I encourage everyone to look at how LGI Homes sells to this Entry level buyer -- their website focuses on the Monthly Payment -- makes for an easy comparison vs your rent.
Housing Recovery2.0 continues.
Sentiment: Strong Buy
But you have admitted you can't time the market....so "any moment " could tomorrow or next decade? You have no clue except it's mathematically certain... The equation is set in stone. You continue to be my favourite naive retail investor ! Keep posting.
yup, Investors withdrew $1Trillion from Emerging Markets in the last 13 months, twice the outflows of the financial crisis, according to the FT this week.
--- Netflix still up 130% YTD --- all the highest growth, momentum finally seeing some aggressive profit taking today....it just took an entire market rout to bring them down. They are the only names people still have huge profits in ?? Homebuilders still holding above their recent breakout levels.
Oh and Existing Home sales jumped 10% y/y in July as prices rose 5% --- real asset inflation !
Good Luck to all.
US Home Building at 8 year highs.
Wal-mart guides lower -- because they are paying their works more and Investing in the US Biz -- bad news for them, good news for the Economy
Home Depot - beats and guides up as Housing Accelerates
#$%$ Sporting Goods -- beats, and guides up - as Consumers shift spending to "Experiences" vs "Things" driven by Social Media.... YTD Sporting Goods Spending up 6.4% Restaurants up 8.8% while Department Store Spending falls 2.0%
Follow the spending --